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Cheri Cerna
SOLD
$6,055,000
Date 08/25/2023

970 Magnolia Avenue
Millbrae, CA 94030

Multi-Family
Residential
11,816
Sq. Ft.
0.3535
Acre Lot
Courtesy: Gregory Terry - Compass
Home> California> Millbrae> 94030
Prominently displayed amid Millbrae's most coveted row of multi-family residential buildings, 970 Magnolia Avenue boasts unparalleled access to the shops and restaurants of downtown Millbrae, as well as transportation and highly ranked schools. Behind the buildings stately facade are Twelve sizable and well appointed residential units, some of which have benefitted from recent upgrading... A fantastic opportunity to add a pride of ownership property to your portfolio! Here are some attractive elements of this offering: 12 Units (All are 2-BR, 1-BA), 6 Garage Parking Spaces,Ample Additional On-Street Parking, 11,816 SqFt Building (per Tax Records), 15,400 SqFt Parcel (per Tax Records), Built in 1950, Gross Rental Income: $362,913.48, 100% Occupied: Ten (10) tenants are currently month-to-month with two (2) tenants on existing leases.
ML81925753
Multi-Family, Other
San Mateo
1950
0.3535 Acres
Public
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: Gregory Terry - Compass

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